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MTN Uganda and Mastercard diversify mobile money service
The launch of the virtual card that is known as MTN MoMocard will ensure MTN’s ability to provide its customers access to products and services previously a preserve of physical credit card holders while diversifying its mobile money portfolio.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Press release: Advans Côte d’Ivoire, ESAF Small Finance Bank, and KMF announced as Finalists for European Microfinance Award on Financial Inclusion through Technology
After the announcement of the three finalists, the Luxembourg Minister for Development Cooperation and Humanitarian Affairs, Mr. Romain Schneider said: “Technology provides immense opportunities in everyone’s lives, from rich countries to poor, from people in cities to those in remote villages. What we see from the three finalists of the European Microfinance Award this year is the enormous energy, creativity and innovation that has developed through the link between technology and financial inclusion”.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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BitPesa, SBI Remit Partner for Blockchain Payments Between Japan And Africa
The two firms are leveraging blockchain technology to reduce friction, improve efficiency and interoperability for cross-border payments between the two continents.
- Categories
- Finance, Technology
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Safaricom shares fall after new tax sets in
The Bill will see Kenyans pay more for internet and mobile money transfer - two of the biggest revenue streams for the giant firm.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Africa’s fintech startups are innovating out of need and global investors are backing them
After pulling in almost a third of total funding raised by startups on the continent in 2017, the hot streak for African fintech businesses has continued this year. Among recent big-ticket deals in 2018, Cellulant, a digital payments solution company, raised $47.5 million in one of the largest Series C rounds for a solely Africa-focused venture-funded company.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Kenyan president proposes tax hike on money transfer services
Kenya’s biggest mobile phone operator Safaricom said in June it is opposed to a proposed tax rise on mobile phone-based transfers, arguing that it would likely mostly hurt the poor, most of whom do not have bank accounts and rely on mobile transfer services such as Safaricom’s M-Pesa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Africa’s Jumo raises $52M led by Goldman to bring its fintech services to Asia
Jumo launched in 2014 and it specializes in social impact financial products. That means loans and saving options for those who sit outside of the existing banking system, and particularly small businesses. it claims to have helped nine million consumers across its six markets in Africa and originated over $700 million in loans.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, venture capital
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Press release: MoneyGram Launches Money Transfer Service to all Mobile Wallets in Ghana
"This is an important milestone for MoneyGram in Ghana as we're now offering real-time, seamless service to our customers and giving them more choices about how to receive their funds – at a physical location, directly to a bank account or a mobile wallet," said Grant Lines, MoneyGram's chief revenue officer. "Giving consumers the flexibility to choose between digital and cash pick-up is, and will continue to be, a competitive advantage for the company."
- Source
- Press release
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech